Super League Enterprise, Inc. — Form 8-K
Filed August 20, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Super League reported Q2 2026 gross revenue of $3.0M (flat YoY and sequentially), but net revenue increased 16% sequentially to $1.24M with gross margin expanding 5 percentage points to 41%. Adjusted EBITDA loss improved ~20% YoY to $1.7M loss vs. $2.1M loss prior year. The company completed acquisition of Misfits Ads assets on May 1, 2026 for $1.5M without increasing overall headcount. Weighted pipeline per seller increased 57% to $2.8M as of July 31. Cash position strengthened to $6.7M (vs. $475K year ago); company redeemed all preferred stock and eliminated debt, targeting Q4 2026 Adjusted EBITDA profitability.
Why this rating
Modest margin/efficiency gains and pipeline growth are operationally positive, but flat gross revenue and $4.4M Q2 GAAP net loss persist. For a $4.1M market-cap company, the $6.7M cash position is meaningful runway, but company remains pre-profitability with high burn. Misfits integration and sales leadership add capability, but execution risk remains material.
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